Can I retire at age 50 with 922,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$76,138$75,460$74,798$74,152$73,522$72,693
2 years$37,692$36,990$36,310$35,650$35,010$34,176
3 years$24,878$24,173$23,495$22,841$22,212$21,398
4 years$18,473$17,770$17,098$16,456$15,842$15,055
5 years$14,631$13,932$13,269$12,640$12,043$11,285
6 years$12,070$11,376$10,723$10,108$9,529$8,801
7 years$10,241$9,554$8,911$8,310$7,750$7,052
8 years$8,871$8,189$7,557$6,971$6,429$5,761
9 years$7,805$7,130$6,509$5,938$5,414$4,776
10 years$6,953$6,285$5,675$5,119$4,613$4,004
11 years$6,257$5,595$4,996$4,455$3,967$3,388
12 years$5,677$5,022$4,434$3,907$3,438$2,886
13 years$5,186$4,538$3,961$3,450$2,998$2,474
14 years$4,766$4,125$3,559$3,062$2,628$2,131
15 years$4,403$3,769$3,214$2,731$2,314$1,843
16 years$4,085$3,458$2,914$2,445$2,045$1,599
17 years$3,805$3,184$2,651$2,197$1,813$1,392
18 years$3,556$2,942$2,420$1,980$1,612$1,214
19 years$3,333$2,727$2,216$1,789$1,437$1,062
20 years$3,134$2,534$2,033$1,620$1,284$930
21 years$2,953$2,360$1,870$1,471$1,149$816
22 years$2,789$2,203$1,724$1,337$1,030$717
23 years$2,640$2,061$1,592$1,218$924$631
24 years$2,503$1,931$1,472$1,111$831$555
25 years$2,377$1,812$1,363$1,014$748$489
26 years$2,261$1,703$1,264$927$673$432
27 years$2,154$1,603$1,174$849$607$381
28 years$2,055$1,510$1,091$778$548$336
29 years$1,963$1,425$1,016$713$495$297
30 years$1,877$1,345$946$655$447$263
31 years$1,797$1,272$882$601$404$233
32 years$1,722$1,203$823$552$366$206
33 years$1,651$1,140$768$508$331$182
34 years$1,585$1,080$718$467$300$161
35 years$1,523$1,025$671$430$271$143
36 years$1,464$972$628$396$246$126
37 years$1,409$924$588$365$223$112
38 years$1,357$878$550$337$202$99
39 years$1,307$835$516$310$183$88
40 years$1,261$794$483$286$166$78
41 years$1,216$756$453$264$151$69
42 years$1,174$720$425$244$137$61
43 years$1,134$686$399$225$124$54
44 years$1,095$654$374$208$113$48
45 years$1,059$623$352$192$102$43
46 years$1,024$595$330$177$93$38
47 years$991$568$310$164$84$34
48 years$959$542$292$151$77$30
49 years$929$517$274$140$70$26
50 years$900$494$258$129$63$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $922,000, adding $4,819 every year, while hoping to spend $22,204 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 87/8/5 Blend
49$922,000$922,000$922,000$922,000
50$1,021,015$972,149$957,858$1,109,499
51$1,101,533$996,159$966,321$1,191,845
52$1,189,521$1,020,602$974,324$1,278,737
53$1,285,715$1,045,475$981,827$1,373,510
54$1,390,930$1,070,775$988,790$1,476,941
55$1,506,059$1,096,497$995,169$1,589,886
56$1,632,090$1,122,638$1,000,919$1,713,286
57$1,770,106$1,149,190$1,005,993$1,848,181
58$1,921,304$1,176,148$1,010,341$1,995,711
59$2,086,999$1,203,501$1,013,910$2,157,137
60$2,268,641$1,231,241$1,016,644$2,333,844
61$2,467,827$1,259,357$1,018,487$2,527,359
62$2,686,316$1,287,835$1,019,376$2,739,364
63$2,926,043$1,316,662$1,019,248$2,971,712
64$3,189,143$1,345,822$1,018,036$3,226,443
65$3,477,965$1,375,297$1,015,670$3,505,804
66$3,795,099$1,405,068$1,012,076$3,812,274
67$4,143,395$1,435,112$1,007,177$4,148,579
68$4,525,994$1,465,406$1,000,891$4,517,726
69$4,946,359$1,495,923$993,133$4,923,025
70$5,408,299$1,526,636$983,815$5,368,124
71$5,916,017$1,557,512$972,844$5,857,044
72$6,474,137$1,588,517$960,121$6,394,211
73$7,087,759$1,619,614$945,545$6,984,506
74$7,762,497$1,650,762$929,008$7,633,303
75$8,504,541$1,681,918$910,398$8,346,526
76$9,320,706$1,713,034$889,598$9,130,700
77$10,218,504$1,744,059$866,486$9,993,017
78$11,206,211$1,774,937$840,933$10,941,399
79$12,292,944$1,805,609$812,804$11,984,577
80$13,488,751$1,836,010$781,959$13,132,169
81$14,804,701$1,866,072$748,252$14,394,777
82$16,252,991$1,895,720$711,529$15,784,078
83$17,847,060$1,924,874$671,629$17,312,944
84$19,601,716$1,953,449$628,385$18,995,556
85$21,533,276$1,981,353$581,621$20,847,541
86$23,659,720$2,008,489$531,155$22,886,118
87$26,000,857$2,034,751$476,794$25,130,263
88$28,578,517$2,060,026$418,340$27,600,884
89$31,416,754$2,084,196$355,582$30,321,022
90$34,542,073$2,107,132$288,305$33,316,066
91$37,983,681$2,128,697$216,278$36,613,996
92$41,773,759$2,148,745$139,266$40,245,641
93$45,947,770$2,167,122$57,020$44,244,976
94$50,544,794$2,183,662$0$48,649,438
95$55,607,889$2,198,188$0$53,501,925
96$61,184,508$2,210,514$0$58,849,611
97$67,326,937$2,220,438$0$64,739,564
98$74,092,795$2,227,749$0$71,227,008
99$81,545,573$2,232,222$0$78,372,796
100$89,755,236$2,233,616$0$86,243,987